AGP Executive Report
Last update: 10 hours agoOil & Gas Expansion: Guyana’s profit oil share from the Stabroek Block jumped from 12.5% to about 39.8% as ExxonMobil-led cost recovery fell after the consortium recovered roughly US$55B earlier than expected—meaning more barrels now qualify as profit oil. FPSO & Marine Support: The fifth Exxon-led FPSO for the Stabroek system, the Errea Wittu, has arrived in Guyanese waters to support the Uaru project, with capacity up to 250,000 bpd; separately, Everllence will supply 175D engines for four offshore terminal tugs destined for Guyana’s FPSO fleet. Power & Infrastructure: Guyana Power and Light’s 2026-2030 plan flags peak demand rising to 1,671 MW by 2030 and total electricity demand surging to 10,441 GWh, driven by grid integration and growth. Water Services: The Bath, West Coast Berbice water treatment plant (18M litres/day) is on track for a Dec 31 completion, with contractors warned of liquidated damages for delays. Agri & Food Industry: GAWU’s sugar union leader says GuySuCo can still hit the revised 51,400+ tonnes 2026 target despite earlier rainfall damage, with the dry season the main risk. Mining & Exploration: Liberty Metals begins maiden exploration at its Oko North and South gold projects in Guyana’s Cuyuni district, while Omai Gold published a PEA projecting long-life output. Trade & Local Industry: The PSC met the Foreign Affairs Ministry on trade and tariff issues affecting manufacturing, including refined sugar, glass packaging and paint tariffs. Skills & Jobs: AG Anil Nandlall urged Guyanese to get certified to compete as employers increasingly seek qualified foreign workers. Tourism Data Push: GTA and partners launched a 2026 tourism data collection and analysis initiative for Indigenous communities, using QR-based visitor reporting to strengthen planning and a Tourism Satellite Account.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.